12 Feb 2015
USD/JPY targeting 120.75 – UOB Group
FXStreet (Barcelona) - Analysts at UOB Group maintain a bullish outlook for USD/JPY, expecting the pair to target 120.75 levels and above it 121.85.
Key Quotes
“Strong upward momentum carries USD to an overnight high of 120.48. The outlook is still clearly bullish and the target indicated at 120.75 in our Chart of the Day update yesterday is likely within reach in the next couple of trading days.”
“A break above 120.75 will shift the focus to the 121.85 high seen late last year.”
“Trailing-stop is at 118.80 now, higher from 118.30 previously.”
Key Quotes
“Strong upward momentum carries USD to an overnight high of 120.48. The outlook is still clearly bullish and the target indicated at 120.75 in our Chart of the Day update yesterday is likely within reach in the next couple of trading days.”
“A break above 120.75 will shift the focus to the 121.85 high seen late last year.”
“Trailing-stop is at 118.80 now, higher from 118.30 previously.”